OnBoarding Officers is hosting a programme taster evening event to give potential delegates a chance to have a mini demo of one of the programme’s modules. Jo Haigh, Sunday Times and IoD NE & Yorkshire NED of the Year, will provide a short workshop on Spotting the Signs of Financial Misadventures.

“… a director is not relieved of the duty to pay attention to the company’s affairs which might reasonably be expected to attract enquiry, even outside the area of the director’s expertise.”

The recent financial scandals at BHS, Carillion and Patisserie Valerie further demonstrate the duties board members and Non-Executive Directors have and that they should ensure they fully understand their legal duties and liabilities.

Rachel Reeves, Chair of the BEIS Committee commented “Misleading audits have been at the heart of corporate failures over recent decades. Repeated accounting failures have contributed to the collapse of major businesses and undermined public and investor confidence.” Directors may have lacked the skills required to address the challenges which faced the companies mentioned above, so it is essential before undertaking a role, candidates clearly understand their duties and at least the basics of being familiar with how to read and follow financial statements.